Living Stream Ministry

The information on this page was last updated 5/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Contact information

Mailing address:
Living Stream Ministry
2431 W. LA Palma Avenue
Anaheim, CA 92801

Website: LSM.org

Phone: 714-991-4681

Email: [email protected]


Organization details

EIN: 237031637

CEO/President: Mr. Benson Phillips

Chairman:

Board size: 15

Founder:

Ruling year: 1969

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose


Mission statement


Statement of faith

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

Donor confidence score

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Transparency grade

D

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Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating732 of 110744 of 63
Fund acquisition rating335 of 110815 of 63
Resource allocation rating560 of 110841 of 63
Asset utilization rating1047 of 110760 of 63

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
85%22%23%42%14%16%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
15%78%77%58%86%84%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%80%83%81%81%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%80%101%63%108%85%
Program output ratio Program output ratio =
Program services /
Total revenue
79%64%83%51%87%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%20%-1%37%-8%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%4%0%7%-1%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%20%17%19%19%18%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.050.150.150.120.120.13
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.442.903.243.404.414.71
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.650.430.490.410.550.63
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.8619.7418.4121.7219.7612.78
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.050.050.050.050.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8326.6323.1828.2520.8817.55
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
15%2%2%2%2%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%664%649%824%796%731%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$14,109,067$15,976,952$20,917,710$12,472,291$13,237,817
Receivables, inventories, prepaids$11,125,877$11,224,076$10,742,043$9,959,651$8,185,360
Short-term investments$14,253,942$6,800,933$819,954$708,477$571,852
Other current assets$0$0$0$0$0
Total current assets$39,488,886$34,001,961$32,479,707$23,140,419$21,995,029
Long-term investments$0$0$0$0$5,093,406
Fixed assets$74,883,354$76,088,387$77,816,549$78,785,146$76,186,197
Other long-term assets$54,000$2,500$2,500$186,909$212,302
Total long-term assets$74,937,354$76,090,887$77,819,049$78,972,055$81,491,905
Total assets$114,426,240$110,092,848$110,298,756$102,112,474$103,486,934
 
Liabilities20232022202120202019
Payables and accrued expenses$1,083,130$930,486$691,744$437,851$1,040,138
Other current liabilities$917,352$916,089$803,815$732,972$681,223
Total current liabilities$2,000,482$1,846,575$1,495,559$1,170,823$1,721,361
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$176,787$202,790$406,985$406,983$406,985
Total long-term liabilities$176,787$202,790$406,985$406,983$406,985
Total liabilities$2,177,269$2,049,365$1,902,544$1,577,806$2,128,346
 
Net assets20232022202120202019
Without donor restrictions$108,057,553$104,366,365$103,081,984$98,513,238$98,587,914
With donor restrictions$4,191,418$3,677,118$5,314,228$2,021,430$2,770,674
Net assets$112,248,971$108,043,483$108,396,212$100,534,668$101,358,588
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$4,692,918$3,742,982$8,856,075$1,632,885$2,594,019
Program service revenue$6,389,162$5,649,244$5,431,865$4,890,190$6,060,959
Membership dues$0$0$0$0$0
Investment income$2,817,895$237,696$56,826$123,754$210,735
Other revenue$7,164,054$6,908,832$6,582,184$5,059,974$7,438,023
Total other revenue$16,371,111$12,795,772$12,070,875$10,073,918$13,709,717
Total revenue$21,064,029$16,538,754$20,926,950$11,706,803$16,303,736
 
Expenses20232022202120202019
Program services$13,453,489$13,795,869$10,654,591$10,211,725$11,427,812
Management and general$3,442,574$2,851,606$2,504,756$2,417,416$2,433,667
Fundraising$0$0$0$0$0
Total expenses$16,896,063$16,647,475$13,159,347$12,629,141$13,861,479
 
Change in net assets20232022202120202019
Surplus (deficit)$4,167,966($108,721)$7,767,603($922,338)$2,442,257
Other changes in net assets$0$0$0$0$0
Total change in net assets$4,167,966($108,721)$7,767,603($922,338)$2,442,257

Compensation

NameTitleCompensation
Martin FullerResearch Writer$145,506
Tony EspinosaResearch Writer$143,102
Andrew Delos ReyesNetwork Administrator$135,332
Titus BoswellAsst. Facilities Manager$132,038
Joel OladeleDirector$126,179
Ron KangasDirector$123,193
Ed MarksDirector$123,088
Hector FelixComputer Programmer$121,644
Curtis KennardVICE PRESIDENT & Treasurer$94,885
Samuel LeeASSISTANT TREASURER$92,493
Dennis HigashiDirector$88,547
Kerry RobichauxASSISTANT SECRETARY$88,430
Raymond GraverPRESIDENT$47,857
George DankerDirector$34,990
David KooDirector$32,098
Bryan KarrDirector$24,873
Yorke WardenSecretary$13,704
Joe DavisDirector$5,886

Compensation data as of: 12/31/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/22/2023. To update the information below, please email: [email protected]


History


Program accomplishments


Needs